quasi corporation

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Related to Quasi-corporation: Quasi municipal corporation, Quasi Public Corporation

quasi corporation

n. a business which has operated as a corporation without completing the legal requirements, often in the period just before formal incorporation. (See: corporation, quasi)

References in periodicals archive ?
Government units that behave as corporations (or in the SNA, "public corporations") are treated as quasi-corporations and are classified in the corporations sector as long as they meet several criteria, including independence with respect to decisionmaking and finance, "economically significant" prices, and the existence of separate and complete accounts.
All federal government enterprises are reclassified under the assumption that they all qualify as quasi-corporations, but the characteristics of these enterprises have not been evaluated recently, and it is possible that they may not meet the criteria for quasi-corporations with respect to independence, separate and complete accounts, or market prices.
State and local transit enterprises are not considered quasi-corporations in the SNA-based estimates because they are heavily subsidized, and state and local non-utility enterprises are not considered quasi-corporations because complete accounts are not available.

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